Stock Analysis

Decibel Cannabis Full Year 2023 Earnings: CA$0.004 loss per share (vs CA$0.011 loss in FY 2022)

Published
TSXV:DB

Decibel Cannabis (CVE:DB) Full Year 2023 Results

Key Financial Results

  • Revenue: CA$116.0m (up 46% from FY 2022).
  • Net loss: CA$1.77m (loss narrowed by 60% from FY 2022).
  • CA$0.004 loss per share (improved from CA$0.011 loss in FY 2022).
TSXV:DB Earnings and Revenue Growth May 1st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Decibel Cannabis Earnings Insights

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Pharmaceuticals industry in Canada.

Performance of the Canadian Pharmaceuticals industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Decibel Cannabis is showing 1 warning sign in our investment analysis that you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.